The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-09
CONDITION OF THE MARKETS.
Wheat Quiet, with Small Business at
Practically Unchanged Prices.
Light Trading in Corn, with No Fluctuations
Worth Mentioning-Pork Steadier, the
Market Showing Increased Strength.
MONEY, BONDS AND STOCKS.

The Market Unusually Quiet, with Some Inn
provement Late In the Day.
NEW YORK Jan. money of call easy at
DC per cent, closing at 3.
Prime mercantile paper, 607 per cent.
Sterling exchange steady and unchanged
The total sales of stock to-day 1913. shares
including the following: Delaware. Lackawanna &
Western, IA, 900; Erie 8, 100; Missouri, Kansas &
Texas Z 175; Lake Shore, 8, 01O; Louisville & Nash
vile, 3745; New Jersey Central 20 600; Peoria. De-
catur Evansville 7O95; Reading 80, 24O; st. Paul.
500; St Paul e. Omaha, $3.50; Texas & Pacific,
sessment paid, g. $780, Union Pacific, 1920; Western
Union, 7,462
Government bonds were dull but firm
State bonds quiet aud steady
The stock market was unusually quiet, there being
very little desire to yrade, among the profess
SIGNALS and room traders The movements in prices,
except in three four stocks, sluggish and
tirey insignificant. There covering of
shorts in the early morning which impaired tone
of strength to the dealings for short time aided by
che sudden strength displayed by Consolidated Gas.
When the demand of the ''shorts' ceased disposi-
ton wa. shown to await the bank statement which,
proving unusually favorable stimulated buying to
small extent but the movement soon ceased
Kansas e. Texas was notably weak feature late in
the day upon the decision of the Barry suit against
the company. The coal stocks the leaders Of
the general market. but made important changes.
trading and dealings almost entirely confined to
the The opening was about steady the
changes from last evenings final quotations being
for insignificant fractions only. The trading
was very dull except in the coal stocks and
Richmond & West Point. Consolidated Gas was
markably strong. and the remainder followed slowly
The market became dull before the end of the first
hour and generally heavy, with the exception of Pc
oria Decatur g. Evansville and Consolidated Gas.
There was improvement in the general list after
noon but the later advance was lost Kansas Texas
becoming extremely weak Prices moved both ways
in the last hour and the market finally closed heavy
to weak, close to the opening figures. Sales, 1913 10
shares; Reading furnished SO, 24O Richmond & West
Point %. 533. Jersey Central 20 600, and Lacka-
wanna "A 600 shares. Most stocks have advanced
small fractions though Norfolk & Western preferred
is up per cent.
There was a moderate business in railroad bonds,
the features of which the weakness in the Kan
and Texas skies and ves in consequence of the de-
cision against the company and the strength in the
Lake Erie e. Western, and Lafayette, Bloomington &
Muncie incomes upon the prospects Of those securi
ties under the reorganization Of the Lake Erie s.
Western company. Kansas & Texas skies showed
most activity their sales being $175, 600
out of total days business of 81 $4,000. Prices
generally firm throughout the day, and final quo
tations in many show material. advances Nick
el-pate seconds ola to 72l4 Wabash, st. Louis
division sevens 108; Great Western seconds, 2,
to 1O1; Lake Erie &c Western incomes, sos TO So;
Lafayette. Bloomington & Muncie incomes 5, to 80.
Closing quotations 1yere